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Posting its results late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have been created or saved because of the $159 billion in stimulus funds allocated as of Sept. 30.
Originally posted by ExPostFacto
$160,000 seems like we could have just given that to the people that have been laid off and let them live normally for the next few years without their job.
White House officials heralded the unparalleled transparency in reporting job numbers to the public, but acknowledged there is no consistent standard across states or localities, or among federal agencies giving out stimulus funds, in differentiating between a “saved” job and a “created” job. The White House argues that the actual job number is actually larger than 640,000 -- closer to 1 million jobs when one factors in stimulus jobs added in October and, more importantly, jobs created indirectly, such as "the waitress who's still on the job," Vice President Biden said today.
Officials acknowledged the numbers were not exact, saying that states and localities that reported the numbers have made mistakes.
DeSeve and Bernstein were not able to say how many of the 640,329 jobs were saved and how many were created. How do they know that government officials asking for stimulus funds to help prevent layoffs were legitimate? "What we have to do is expect that our public officials are honest," DeSeve said. "I know that's a high bar."